Best Real Estate Investing Advice Ever

Another week, another syndication school series. This week, Theo is discussing financing for your apartment syndication deals. He’ll be covering all the different options, recourse vs. non recourse, and discussing a loan guarantor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Different loan officers specialize in different loan types”

Free Loan Program Spreadsheet:

http://bit.ly/toploanprograms

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1723_-_SS_55_-_Series_16_-_Part_1.mp3
Category:general -- posted at: 8:56am EDT

Mike’s real estate career started off a little unusual compared to most, as his first deal was in Russia. After that deal, Mike started buying duplexes and small multi’s in Texas. He wanted to get out of the landlord life, so he sold half of his portfolio. Now Mike is raising capital for deals, and has helped investors acquire over 3,800 multifamily and self storage units. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Real estate investing is a relationship business” - Mike Krieg

Mike Krieg Real Estate Background:

  • Co-founder of Steeple Rock Partners, LLC
  • Has been investing in real estate for 14 years
  • Has helped provide investor funds to purchase 3,800 apartment and self storage units worth $300M
  • Based in Austin, Texas
  • Say hi to him at https://www.steeplerockpartners.com/
  • Best Ever Book: Think and Grow Rich

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1722_-_Mike_Krieg.mp3
Category:general -- posted at: 8:51am EDT

Most of us know by now that our national real estate market is cyclical. With that in mind, Ryan and Mark have created a fund for investors as well as themselves to get conservative returns, while also growing the fund. We’ll hear about what assets they invest in and what they look for with potential deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A lot of investors today read the PPM but don’t really think about what is the senior debt? Debt in a recession is what gets everyone in trouble” - Ryan Andrews & Mark Khuri

Ryan Andrews & Mark Khuri Real Estate Backgrounds:

  • Founders and managers of Aerial Investment Management.
  • In 2018, they launched the Recession Resistant Fund. A diversified real estate fund for passive investors targeting asset classes that are designed to perform through a recession or a volatile market cycle.
  • Fund has invested in 7-10 deals as an equity partner
  • Based in Bend, OR
  • Say hi to them at http://bit.ly/2N3vd3v
  • Best Ever Book: When Genius Failed

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1721_Ryan_Andrews_and_Mark_Khuri.mp3
Category:general -- posted at: 9:36am EDT

Antoine has been investing in real estate for four years now, and he’s only 23. Turnkey was not always the business plan, but that is what the company has grown to. Just two years ago, they did 10 houses, last year they did 60, this year they’re on track to complete 100 deals. Learn what he does to grow his business to 100 deals per year in four years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“From the networking, I had a pool of people that were interested in turnkey rentals” - Antoine Martel

Antoine Martel Real Estate Background:

  • 23 year old real estate investor
  • Does 100 flips per year (turnkey rentals), owns a 20 unit apartment building
  • Based in LA, CA
  • Say hi to him at https://martelturnkey.com/
  • Best Ever Book: The 10X Rule

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1720_Antoine_Martel.mp3
Category:general -- posted at: 11:55am EDT

Edgar took over a struggling janitorial company at the age of 23 in 2008. He took that struggling business and grew it into a successful commercial and construction cleaning company, helping investors clean up their properties after construction. It wasn’t always easy, Edgar worked two jobs for some time. He’s had success, but some of the business slowed for a while, Edgar did not given up, he’s working harder than ever to get his business to levels it has never reached. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I didn’t know how I would pay the bills, but I knew that if I kept learning, and putting myself out there, I would make it” - Edgar Aguilar

Edgar Aguilar Real Estate Background:

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1719_Edgar_Aguilar.mp3
Category:general -- posted at: 11:03am EDT

Last Follow Along Friday, Theo mentioned that he has decided to sell his 12 unit portfolio. Joe was taken by surprise and wanted to really dive into the story with Theo on another episode of Follow Along Friday, rather than quickly mentioning it in last week’s episode. We’ll hear the mistakes Theo made, which is part of the reason why he’s selling now. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Anytime I had a few months of cash flow, I’d have to spend that cash flow to fix something else” - Theo

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1718_Follow_Along_Friday.mp3
Category:general -- posted at: 11:07am EDT

Now it’s time for the second and last part of this Syndication School series on submitting your apartment syndication deals. Theo is diving deep into the details so you can walk away from these two episodes know exactly how to submit your offers on large apartment communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Based off the seller’s motivation and everything you learned in the underwriting process, either submit your offer, or decide to walk away”

Free LOI Examples:

http://bit.ly/loiexamples2 

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1717_-_SS_54_-_Series_17_-_Part_2.mp3
Category:general -- posted at: 8:40am EDT

Get ready for some more syndication knowledge bombs from our resident apartment syndication instructor, Mr. Theo Hicks. He’ll be taking another step forward in the syndication process, explaining step-by-step how to submit your apartment offers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If there isn’t a price listed, there are a few ways to get a ballpark idea of what the price will be”

Free LOI Examples:

http://bit.ly/loiexamples2 

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1716-_SS_53_-_Series_17_-_Part_1.mp3
Category:general -- posted at: 9:33am EDT

Alex’s first deal took him 6 months to close, and he only made $1800. After that, he realized he was doing something wrong. He made some changes, continued taking risks, and now succeeds at a high level in real estate investing. Learn how he kept going even after a bad first deal, and what tactics he employs to avoid another bad deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You think you know something, but more than likely you haven’t played all angles of devil's advocate” - Alex Brodowski

Alex Brodowski Real Estate Background:

  • Real Estate Developer and founder of Westmont Capital Group, LLC.
  • Owns multifamily, retail, and light industrial properties
  • Last year they had $30M worth of inventory they moved
  • Based in Nashville, TN
  • Say hi to him at abATwestmontcapgroup.com
  • Best Ever Book: Think and Grow Rich

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1715_Alex_Brodowski.mp3
Category:general -- posted at: 9:29am EDT

Mitch has built quite a large real estate investing company, doing at least one deal every four days. His strategy is to seller finance properties that he buys with his private investors. He raises the money and keeps them legal, while his team take care of the rest. He’ll share how he’s been able to grow such a large business, and raise a large amount money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If the house is worth $100k, I get a loan for about $58k” - Mitch Stephen

Mitch Stephen Real Estate Background:

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1714_-_Mitch_Stephen.mp3
Category:general -- posted at: 10:47am EDT